Mining stocks slightly rebounding
During the first half of May, the bitcoin price fell below $30k, leading to a complete mining stock bloodbath. With the bitcoin price now stabilizing, mining stocks seem to have taken a breather for now.
May 25th 2022
Stronghold is the best performer over the past seven days, but the stock is still down 78% YTD. The company is valued at very low multiples right now, and it looks like value investors have been smelling blood in the streets, picking up some cheap shares.